The case for trickle up economics

Discussion in 'Politics' started by EdwardBaiamonte, May 3, 2012.

  1. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    We'll give tax breaks to the poor so they will have more money with which to invent products and create jobs to make those products???
    Is there a simpler way to end this depression??
     
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  2. RDD_1210
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    RDD_1210 Forms his own opinions

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    I don't know that we need the poor to invent products, but have the disposable income to spend. But yes, we need the middle class to have the means to spend, which creates jobs which fuels the economy.
     
  3. Lakhota
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    Lakhota Diamond Member

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    Well, demand side economics does make sense, but I would reword it a little:

    We'll give tax breaks to the poor and middle class so they will have more money with which to buy products and create jobs demand to make more, better and new products???

    Is there a simpler way to end this depression??
     
  4. dilloduck
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    dilloduck Diamond Member

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    Screw tax breaks for the middle class and poor. Just hand out cash. It saved the financial industry.
     
  5. uscitizen
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    uscitizen Senior Member

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    Trickle up? Like food stamps whose dollars wind up in the grocery and food industrys pockets creating jobs?
    Medicaid whose dollars wind up in the health care industry's pockets providing more jobs.

    Unimployment insurance? Whose dollars are scattered all over the economy?

    Unfortunately in the long term it makes no more sense than trickle down.
     
  6. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    We'll give tax breaks to the poor so they will have more money with which to invent products and create jobs to make those products???
    Is there a simpler way to end this depression??


    yes since the rich like Romney start companies that sell new products.
    THe poor don't for sure


    wow so you want to give the poor and middle class money to spend which fuels the economy and creates jobs???


    Thats is of course perfectly liberal and stupid. If it worked we could just print money for them or tax the rich to get the money for the poor and middle class.


    Econ 101 class one day one for you: we got from the stone age to here because the rich invented new products, not because the poor bought them.
     
  7. SniperFire
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    SniperFire Senior Member

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    Where my Obama money at?
     
  8. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    Econ 101 class one day one for you: we got from the stone age to here because the rich invented new products, not because the poor bought them.
     
  9. SniperFire
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    SniperFire Senior Member

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    Were my food stamps tho?
     
  10. RDD_1210
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    Tell me the last product that a rich person invented that no one wanted but sold well and turned a profit simply because he was rich.
     

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